Analysis of the Moral Risk Model during Construction Process under Asymmetric Information[J]. Journal of Civil and Environmental Engineering, 2005, 27(4): 102-105110.
Analysis of the Moral Risk Model during Construction Process under Asymmetric Information[J]. Journal of Civil and Environmental Engineering, 2005, 27(4): 102-105110. DOI: 10.11835/j.issn.1674-4764.2005.04.024.
there is a "principal-agent" relation between clients and constraints.Between the two parties
there exists moral risk under asymmetric information.This paper builds a "moral risk model" between clients and constraints during the construction process by applying "principal-agent theory" in the information economics theory.On the basis of quantitative analysis of the model
this paper draws some conclusions
which is benefitial to the enhancement of the level of project management.At last
this paper proposes some advice on reducing the moral hazard of the constraints.